Can there still be a Bitcoin Cash (BCC) fork on August 1st

CoinMoon

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Quote from: BitcoinNewsMagazine on July 24, 2017, 05:10:25 PM

ViaBTC is already selling S9_BCC cloud mining that mines BTC now and will change to BCC on August 1 when the hard fork activates. There will be a fork, you can see the hashpower behind the Bitcoin ABC client at https://pool.viabtc.com/pool/bcc/state/ and that is just one mining pool.

Get your coins off exchanges and wallets like Coinbase into a solution where you have control of your private keys. Trezor, Ledger Nano S or Electrum would be my recommendations. Both Trezor and Ledger plan to split your bitcoin into BCC for you. Electrum may be more work. Looks like you are getting free BCC airdropped on August 1 as long as you own your private keys.

Thank you for a solid answer. We need more of this type of advice. Clean, simple, factual and non biased.

LeGaulois

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Yeah sure, we can't be sure 100% that a split won't happen but Bitcoin Cash is not getting the attraction from the Bitcoin community. It will die pretty fast, just another pump and dump eventually Tongue

A pair has been added to an exchange already If I remember well. Let's see the volume it will get.

BitcoinNewsMagazine

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ViaBTC is already selling S9_BCC cloud mining that mines BTC now and will change to BCC on August 1 when the hard fork activates. There will be a fork, you can see the hashpower behind the Bitcoin ABC client at https://pool.viabtc.com/pool/bcc/state/ and that is just one mining pool.

Get your coins off exchanges and wallets like Coinbase into a solution where you have control of your private keys. Trezor, Ledger Nano S or Electrum would be my recommendations. Both Trezor and Ledger plan to split your bitcoin into BCC for you. Electrum may be more work. Looks like you are getting free BCC airdropped on August 1 as long as you own your private keys.

eSportsCoins

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I think that's the current situation with bitcoin, is that it needs to fork to be able to scale and handle larger amounts of transactions.

I still can't wait for the day when it can actually handle micro payments! Like it was supposed to...

Proximity Scan

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Quote from: Pettuh4 on July 24, 2017, 03:08:35 PM

Quote from: shimbark123 on July 24, 2017, 10:00:42 AM

I feel like this bitcoin fork and segwit segwit and BIP are all just kind of FUD. I usually dont believe in here. So it is better to be strong. It is all about balls. If you don't have the alls in hodling your coins then trading is not really for you.

Precisely, we have to leave them to do their thing while we hold our coins and our balls until the right time. I don't think anything negative will happen after August 1 but it's just the balls like you put it dude.

Theymos posted a bitcointalk thread link and it was saying there is still possibility for hard split. So we can't be sure 100% for a plit won't happen soon. Anything is on the desk now.

Pettuh4

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Quote from: shimbark123 on July 24, 2017, 10:00:42 AM

I feel like this bitcoin fork and segwit segwit and BIP are all just kind of FUD. I usually dont believe in here. So it is better to be strong. It is all about balls. If you don't have the alls in hodling your coins then trading is not really for you.

Precisely, we have to leave them to do their thing while we hold our coins and our balls until the right time. I don't think anything negative will happen after August 1 but it's just the balls like you put it dude.

shimbark123

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I feel like this bitcoin fork and segwit segwit and BIP are all just kind of FUD. I usually dont believe in here. So it is better to be strong. It is all about balls. If you don't have the alls in hodling your coins then trading is not really for you.

cellard

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Quote from: Netnox on July 21, 2017, 06:31:49 AM

Quote from: Anno MMXVI on July 21, 2017, 06:27:23 AM

It is still possible even though SegWit is incredibly plebiscited. However it would die pretty fast and the traitors would eventually go back to the main chain because they have to win money and since their altcoin will be worthless they will leave it pretty fastly.

It is not going to die anytime soon. There are a lot of powerful people with fat pockets supporting the BCC. And you need to remember that morality and ethos comes last during investment. The only thing which matters is the probability of getting a good profit.

What people is supporting Bitcoin Cash / Bitcoin ABC or however you call it?

I suppose that Roger Ver, Jihan Wu, and the Craigh Wright guy that claims to be Satoshi are backing this. Is Gavin part of this hardfork adventure again? he was always present since the first time (XT) and backed pretty much everything (Classic, XT, Unlimited...)

I doubt the BCC side has more money than the BTC side, I have no doubts that dumping BCC will be one of the best deals ever. Im just trying to set everything up to do just that.

Anyone has a complete list of exchanges that will be listing the trading pairs of BCC/BTC ?

iram1011

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ViaBTC has announced the inclusion of trading support of BitcoinABC tokens, calling it Bitcoin Cash (BCC). The new cryptotokens can now be traded against Chinese Yuan. ViaBTC has published more details about the new BCC/CNY pair along with information on how it can be renewed after a successful fork activation. They are very much prepared for the fork on 1st August.

hv_

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Quote from: BitcoinNewsMagazine on July 23, 2017, 04:27:18 PM

Quote from: kotbi on July 23, 2017, 03:52:24 PM

it's happening and it's being exchanged. currently they are exchanged at about 20% of the BTC price. which I think is quite significant. It may stay much longer than you think. It's like LTC. it can develop its own path. I'll hold both and see how it goes at the end of the year.

That is fine by me. Finally Roger and the big blockers get their own altcoin, have their own forum and subreddit and can fork off this forum.

This is losing energy - not good for all and Bitcoin.

BitcoinNewsMagazine

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Quote from: kotbi on July 23, 2017, 03:52:24 PM

it's happening and it's being exchanged. currently they are exchanged at about 20% of the BTC price. which I think is quite significant. It may stay much longer than you think. It's like LTC. it can develop its own path. I'll hold both and see how it goes at the end of the year.

That is fine by me. Finally Roger and the big blockers get their own altcoin, have their own forum and subreddit and can fork off this forum.

kotbi

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it's happening and it's being exchanged. currently they are exchanged at about 20% of the BTC price. which I think is quite significant. It may stay much longer than you think. It's like LTC. it can develop its own path. I'll hold both and see how it goes at the end of the year.

BitcoinNewsMagazine

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Quote from: bryant.coleman on July 23, 2017, 03:01:58 PM

Quote from: BitcoinNewsMagazine on July 23, 2017, 02:47:28 PM

You can follow how much hash rate ViaBTC is directing to BCC at https://pool.viabtc.com/pool/bcc/state/

If you switch to BTC view you can calculate the percentage of BCC/BTC hashing power.

I took a look at the charts, but was unable to understand anything. They were showing the BTC Pool hash rate at around 350 P. The BCC Pool hash rate on the other hand was at around 2.5 P, which is greater than their LTC Pool hash rate (200 to 250 G). So what does this mean? Is the BCC having more hash power when compared to the LTC?

It shows very little hashing power directed at BCC. That may change on August 1 and we will get a better idea of how much hashing power is going to the new altcoin when it is listed on Coinwarz. ViaBTC has been urging owners of S9 cloud mining to switch over to S9_BCC and so far it does not looks like there are many takers. They are only offering a one TH for one TH swap, they may have to sweeten the deal. They should be offering at least 3 TH/s BCC mining power for each TH/s of BTC hashing IMO.

Gimpeline

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Quote from: bryant.coleman on July 23, 2017, 03:01:58 PM

Quote from: BitcoinNewsMagazine on July 23, 2017, 02:47:28 PM

You can follow how much hash rate ViaBTC is directing to BCC at https://pool.viabtc.com/pool/bcc/state/

If you switch to BTC view you can calculate the percentage of BCC/BTC hashing power.

I took a look at the charts, but was unable to understand anything. They were showing the BTC Pool hash rate at around 350 P. The BCC Pool hash rate on the other hand was at around 2.5 P, which is greater than their LTC Pool hash rate (200 to 250 G). So what does this mean? Is the BCC having more hash power when compared to the LTC?

The hashrate dosent matter if nobody is using it. It's like printing money.
Sure you can print (mine) millions of coins, but if you cant sell them, they are worthless. There has to be a marked. There is a marked for LTC, I don't see one for BCC

bryant.coleman

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Quote from: BitcoinNewsMagazine on July 23, 2017, 02:47:28 PM

You can follow how much hash rate ViaBTC is directing to BCC at https://pool.viabtc.com/pool/bcc/state/

If you switch to BTC view you can calculate the percentage of BCC/BTC hashing power.

I took a look at the charts, but was unable to understand anything. They were showing the BTC Pool hash rate at around 350 P. The BCC Pool hash rate on the other hand was at around 2.5 P, which is greater than their LTC Pool hash rate (200 to 250 G). So what does this mean? Is the BCC having more hash power when compared to the LTC?

megashira1

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So BTC forks with no support are deemed altcoins and forks with contentious support(UASF) are deemed the real BTC?

How the fuck does this shit work?

BitcoinNewsMagazine

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You can follow how much hash rate ViaBTC is directing to BCC at https://pool.viabtc.com/pool/bcc/state/

If you switch to BTC view you can calculate the percentage of BCC/BTC hashing power.

doomloop

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Quote from: BitcoinHodler on July 21, 2017, 06:34:43 AM

an altcoin can always be created from forking bitcoin at any moment it has nothing to do with August 1.

the bitmain's UAHF was the counter attack that they were planning on doing (or at least threatening to do it) on August 1 in case UASF was successful.
then they started a new test to see how things will go with the new name. giving it fancy name and calling it "cash" to play on emotions of bitcoin users.

but it is an altcoin because it is a fork without support.

you are very right in this point the importance and the extra ordinary use of the bitcoin is not rely on the date august first it is a date when bitcoin was popular as a currency of the time the value of the bitcoin increased and it gained the importance and the value as a real currency so I think bitcoin will remain the same as it was.

Anno MMXVI

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Quote from: NoBit on July 21, 2017, 11:17:47 AM

Quote from: Anno MMXVI on July 21, 2017, 11:11:26 AM

Quote from: NoBit on July 21, 2017, 10:56:19 AM

Quote from: Anno MMXVI on July 21, 2017, 09:32:18 AM

Quote from: Netnox on July 21, 2017, 06:31:49 AM

Quote from: Anno MMXVI on July 21, 2017, 06:27:23 AM

It is still possible even though SegWit is incredibly plebiscited. However it would die pretty fast and the traitors would eventually go back to the main chain because they have to win money and since their altcoin will be worthless they will leave it pretty fastly.

It is not going to die anytime soon. There are a lot of powerful people with fat pockets supporting the BCC. And you need to remember that morality and ethos comes last during investment. The only thing which matters is the probability of getting a good profit.

Oh, you think so ? So let's say it stays, I still doubt it will get any support outside its creators, so I am not fearing that much. Bitmain plays the big guy because of Antpool, but be sure that once the miners will be mining an altcoin and not the original Bitcoin their hashrate will disminish hardly. I think Bitmain will lose Antpool and the fortune it brings us.

Bitmain will not use Antpool to mine Bitcoincash. They probably already have their own dedicated hardware manufactured especially for BCC. Why should they build more ASICS for bitcoin? They can easily overtake every other manufacturer and control mining.

Why would they have their own hardware ? If they had loads of ASICs they would already been using them and not let them lie around. So if they use it is on Antpool, so there will be added hashrate in case of a fork from them.

They have enough hardware spread around different pools waiting to be pointed to BCC. Why would they add all their hardware to Antpool. I am pretty sure Bitmain holds more than 51% of the network.

You are scaring me... I doubt they have more than half of the mining power, but you might be right concerning the fact they have a big hashing power. Anyway I will withdraw my coins as soon as possible from my trading accounts and wait to see what will happen...

hatshepsut93

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Quote from: Netnox on July 21, 2017, 06:31:49 AM

Quote from: Anno MMXVI on July 21, 2017, 06:27:23 AM

It is still possible even though SegWit is incredibly plebiscited. However it would die pretty fast and the traitors would eventually go back to the main chain because they have to win money and since their altcoin will be worthless they will leave it pretty fastly.

It is not going to die anytime soon. There are a lot of powerful people with fat pockets supporting the BCC. And you need to remember that morality and ethos comes last during investment. The only thing which matters is the probability of getting a good profit.

If someone will try to support ABC from their pockets, they'll just get burned because all the Bitcoin users will be dumping their free ABC coins. It might even catch some hype shortly after release, but in long term it will get get dumped hard, because it's essentially an airdrop altcoin with no significant innovation, no talented dev deam, only greedy Jihan who wants to sell more miners.

Topic: Can there still be a Bitcoin Cash (BCC) fork on August 1st (Read 2077 times)